Aben Resources Announces Non-Brokered Private Placement
March 4, 2014 (Source: Marketwired) — Aben Resources Ltd. (TSX VENTURE:ABN) (PINKSHEETS:ABNAF) (FRANKFURT:E2L) (the “Company”) announces it has arranged a non-brokered private placement of up to 12,000,000 units at a price of $0.05 per unit (“Unit”) to raise gross proceeds of up to $600,000. Each Unit consists of one common share and one non-transferable share purchase warrant (“Warrant”), with each Warrant to entitle the holder to purchase one common share for a period of two years at a price of $0.06 per share.
The Company may pay up to a 7% finder’s fee, payable in cash or units, in connection with this private placement offering.
The Company intends to utilize the proceeds of this private placement for general working capital purposes.
About Aben Resources:
Aben Resources is a Canadian uranium and gold exploration company with projects in Saskatchewan’s Athabasca Basin, Yukon, and NWT. Aben holds an interest in approximately 40,000 acres of highly prospective ground within the eastern flank of the Athabasca Basin in northern Saskatchewan including a 40% interest in the Mann Lake uranium project located 25 kilometres to the SSW of the McArthur River Uranium Mine.
For further information on Aben Resources Ltd. (TSX VENTURE:ABN), visit our Company’s web site at www.abenresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS
James G. Pettit, President
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.